HOUMA

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Houma Housing Stats

The Average Sold Price per Square Footage is Neutral*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The December 2019 Average Sold Price per Square Footage of $111 was down 11.9% from $126 last month and up 16.8% from $95 in December of last year.

The Average Days on Market showed a neutral trend, a decrease of 37.1% compared to the previous year. The ratio of Sold Price vs. Original List Price is 95%, an increase of 13.1% compared to the previous year.

It is a Buyer's Market
There was a decrease of 15% in the pended properties in December, with 51 properties versus 60 last month. This month's pended property sales were 10.9%

Versus last 2018, the total number of properties available this month is lower by 55 units of 13.9%. This year's smaller inventory means that buyers who waited to buy may have smaller selection to choose from. The number of current inventory is down 5.8% compared to the previous month.

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